The federal tax reform law Congress passed and President Trump signed in December has ramifications for family-owned businesses and how they are ultimately transitioned from one generation to the next.

More than 130 startups sought capital this year from a state-backed fund, far exceeding expectations and serving as another example of the need for funding at the earliest stages of the capital continuum.

As the leader of a family-owned business, Aaron Zeigler can relate to the owners of car dealerships acquired by his Kalamazoo-based Zeigler Automotive Group. The $1 billion (revenues) mega-dealer has grown by acquiring other family-owned dealerships in recent years, earning it a national ranking of 64th in new car sales last year, according to Automotive News. Zeigler, a second-generation owner, spoke with MiBiz about the intricacies of buying other family-owned dealerships in an era when the automakers often control whether a transaction can move forward.